Several VC leaders met today to discuss the aftermath of SVB’s downfall. This is a joint statement from all of us. @Accel @altcap @BCapitalGroup @generalcatalyst @eladgil @GreylockVC @khoslaventures @kleinerperkins @lightspeedvp @MayfieldFund @Redpoint @RibbitCapital @upfrontvc
Hemant Taneja
1,031 posts
CEO @generalcatalyst
- .@generalcatalyst has raised ~$8Bn of new capital, across core VC, Creation strategy, and SMAs, to invest in the most ambitious entrepreneurs driving transformation and resilience in AI, Defense, Climate & Energy, Industrials, Healthcare, and FinTech:
- Relieved that FDIC has protected deposits. Continuity for thousands of companies & paychecks for millions, at 0 taxpayer cost. Must figure out how the critical services SVB provided for tech/vc thrive in SVB/successor. Proud of industry collaboration to catalyze this outcome.
- Today, 35+ VC firms, with another 15+ companies, representing hundreds of billions in capital have signed the voluntary Responsible AI commitments from @ResponsibleLabs (RIL), the non-profit I co-founded. As Chairman of RIL, I’m proud to unveil this today with tech leaders and
- You might hate what I have to say, that doesn’t make it wrong. Venture equity dollars are allocated on a relative basis. 3/3/2/2 are not the fastest growth assets today. That’s just the truth. That doesn’t mean 3/3/2/2 are bad companies, they’re just not venture equity relevant
00:00 - At @generalcatalyst we are continuing to work actively with Silicon Valley Bank as are a number of other venture firms: @BessemerVP @GreylockVC @lightspeedvp @Lux_Capital @MayfieldFund @Redpoint @svangel @upfrontvc. We ask the rest of the global VC community to join us.
- (1/5) Today, @generalcatalyst is excited to tell you its Customer Value strategy, an innovative financial solution to help solve growth companies' biggest challenge: scaling sales & marketing and customer acq. without negatively impacting balance sheets
- Great to see VC firms step up to help portfolio companies make payroll w/ very low interest loans. In addition to us at @generalcatalyst,@khoslaventures, @GreylockVC,@MayfieldFund,@kleinerperkins,@upfrontvc,@RibbitCapital, @Redpoint,@lightspeedvp, @altcap all doing same. Others?
- While there are many conversations underway, we are opening our statement to the broader VC Community to signal our collective need for a strong banking partner for our community. To add your firm, email [email protected]. tinyurl.com/VCCommunitySVB… #SVB
- Today we are announcing @generalcatalyst Wealth: a transformative wealth management platform for the most ambitious founders, innovators, and leaders. GC Wealth is already at $2.3B in AUM with 21 team members, led by my partner @BreslinDave:
- (1/7) @GeneralCatalyst is joining forces with @lafamigliavc, one of Europe's most successful seed funds, combining our teams to bring a lot more intentionality to our collective work in Europe.
- Today, I am really excited to announce that Yuri Sagalov (@yuris) is joining @generalcatalyst as a Managing Director to lead our seed efforts in the US. I have often said that our core at GC is early stage investing. Partnering with the most ambitious founders at seed enables
- We’ve helped architect and lead a $900M+ Series A for Pacific Fusion, led by @eric_lander, Will Regan, and Keith LeChien, taking a big leap towards nuclear fusion through an innovative pulsed magnetic approach:
- (1/7) Today we at @generalcatalyst are excited to announce a $50M investment with our good friends at @a16z for Hippocratic AI, the first LLM build specifically for the Healthcare industry, from our Creation Strategy.





